The Public Bank Solution

WHAT WALL STREET DOESN'T WANT YOU TO KNOW
Shock waves from one Wall Street scandal after another have completely disillusioned us with our banking system; yet we cannot do without banks. Nearly all money today is simply bank credit. Economies run on it, and it is created when banks make loans. The main flaw in the current model is that private profiteers have acquired control of the credit spigots. They can cut off the flow, direct it to their cronies, and manipulate it for personal gain at the expense of the producing economy. The benefits of bank credit can be maintained while eliminating these flaws, through a system of banks operated as public utilities, serving the public interest and returning their profits to the public. This book looks at the public bank alternative, and shows with examples from around the world and through history that it works admirably well, providing the key to sustained high performance for the economy and well-being for the people. Order here.

EXCERPTS
Read the Table of Contents for a preview of what is inside --

Foreword by Hazel Henderson
Chapter 1: From Bail-Outs to Bail-Ins: A Banking Dinosaur On Life Support

Chapter 14: The Reconstruction Finance Corporation: The Little-Known Public Financial Institution That Reversed the Depression and Funded World War II 

Chapter 25: Latin America: Breaking the Taboos of the Neoliberal Agenda
Chapter 36: Toward A New Theory of Money And Credit

Reviews

Ellen Brown has written what will become one of THE most important books of our time. She eloquently educates us on how the democratization of money is the very foundation of a free society. Ellen brilliantly shows how money can be the current or currency that facilitates the spiritual experience of manifesting our collective intentions for a better world.   Her book is an absolute game-changer and a must read for all those interested in having a world that works for everyone. Buy it, read it, and tell everyone you know to do the same.
— Lynne Twist, author of The Soul of Money and Co-Founder of the Pachamama Alliance

This is a must read! Ellen Brown is the leader of the public banking movement and this masterful work is certain to become the go-to book for anyone interested in transcending the speculation-driven global financial system—and helping lay sound foundations for the fast-emerging New Economy.
– Gar Alperovitz, author of What Then Must We Do?, Lionel R. Bauman Professor of Political Economy at the University of Maryland and CoFounder of the Democracy Collaborative

Brown has done it again. The Public Bank Solution follows her Web of Debt, a brilliant analysis of privatized banking, how it has usurped the money creation power, and how we can get it back. Public banking is the antidote to corrupted, dysfunctional privatized banking, the way forward for sustainable long-term growth and prosperity. The Public Bank Solution explains an idea whose time has come.
– Stephen Lendman, talk show host, author, How Wall Street Fleeces America

Towards a Zero-Cost Economy

Essentially, the following plan notably involves the setting up of a public bank. RS

No matter how one looks at the economic and environmental woes plaguing America, in essence they are simply costs of all kind—costs that keep escalating and accelerating at the same time. Rising unemployment, housing foreclosures, rising energy and food prices, unaffordable healthcare, accumulating credit card debt, bailouts, devaluation of the US dollar, budget deficits, products built with planned obsolescence and obsolete technologies, global warming, depletion of natural resources, nuclear wastes, wars—all of these represent costs, either recurring, periodic, catastrophic, or of some other type.
What can we do about the plague of cost? We should – and can – get rid of it for good. But how can we do this when everything has a cost of some kind? By implementing the concept of a zero-cost economy. The goals of a zero-cost economy are to freeze costs initially, then reduce them, and finally (if possible) eliminate them altogether. In plain English, a zero-cost economy means that if your income remains the same and does not increase:

• your purchasing power remains unchanged if the average cost of living is frozen
• your purchasing power increases if the average cost of living drops
• 100% of your purchasing power is at your disposal to spend or to save, creating true wealth, if costs are eliminated altogether.

To start implementing a zero-cost economy, we must:

• eliminate all costs that recur on a permanent or periodic basis, such as those related to interest, energy, transportation, rent, mortgage, tuition, and retirement
• reduce all costs that cannot be eliminated, such as insurance, healthcare, maintenance and repair, and social costs brought about by environmental degradation and natural resource depletion.

Taxes can be reduced or even eliminated if we create The Citizen’s United Financial Institution, which profits can cover the cost of running state and local governments.
The ultimate goal of a zero-cost economy is to create a semi cost-free and a carefree economy—Carefreeism, defined as economic security in a carefree economy.
Carefreeism serves the general economic interest of all groups of people, from improvised to the superrich, without being politically tainted by any political party. It is environmentally compatible as well as universally applicable concept. Therefore, the main goal of a conscious and responsible government, whether local, state or federal, should be to follow the concept of a Zero-Cost Economy, immediately and rigorously, if the human race ultimately is to enjoy general economic security and prosperity in peace.

Listen to Dr.Khavari’s interview with Kim Greenhouse on Its’s Rainmaking Time: The Blueprint For A Zero-Cost Economy


CLICK HERE TO READ MORE ABOUT ZERO COST ECONOMY IN DETAIL





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